While some players are pulling the plug – the young venture Maersk Decom, for example – others are increasing their efforts on the decommissioning market.
Across the Atlantic, companies are eying the market for dismantling end-of-life drilling platforms with considerably more optimism than they are in Europe right now.
More from ShippingWatch
A VAT dispute in Latvia has now left ferry operator DFDS with millions of kroner in extra costs and a future of navigating a bureacratic minefield. However, the Danish carrier predicts challenges throughout the industry: ”It is only when it’s actually happening, that you realize it is a problem,” warns the company’s indirect tax manager.